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Last updated: 19:04:46 Tuesday Jul 8, 2008


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  • Oil slumps on easing storm worry and dollar
    NEW YORK (Reuters) - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies.   Nations:Mexico South Korea   People:Ben Bernanke   Activities:2007-8 Oil Crisis   Source:(Reuters)   2008-07-08

    Stocks rise on banks and lower oil
    NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.   People:Henry Paulson Ben Bernanke   Activities:U.S. Markets   2008-07-08

    Oil drops sharply as supply worries subside
    NEW YORK - Oil prices tumbled nearly $4 a barrel Monday, erasing many of last week's record gains in a single session as concerns about potential supply disruptions eased.   Nations:Mexico   Activities:2007-8 Oil Crisis   Source:(AP)   2008-07-07

    Talk of $200 oil casts shadow over G8 summit
    TOYAKO, Japan (Reuters) - Italy on Monday proposed increasing margin requirements on futures markets to deter speculative buying of oil, which Prime Minister Silvio Berlusconi said could reach $200 a barrel.   Nations:Italy Mexico Japan Canada Algeria Nigeria   People:Silvio Berlusconi Angela Merkel   Activities:2007-8 Oil Crisis   Source:(Reuters)   2008-07-07

    World's top leaders tackle oil and food prices, Africa aid
    TOYAKO, Japan (AFP) - Leaders of the world's richest nations Monday opened a summit aimed at battling skyrocketing oil and food prices, as pressure mounted on them to live up to their pledges to help Africa.   Nations:Zimbabwe Japan Italy France Canada Algeria   People:Ban Ki-moon George W. Bush   Activities:Global Food Crisis 2007-8 Oil Crisis   Source:(AFP)   2008-07-07

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    NewsGuide EventCityPeopleShowCompany 
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    [Second Gulf War]: Iraq insists on withdrawal timetable (09:33 7/8)

    [2007 Global Credit Crunch]: Bernanke says Fed may extend Wall Street lending (09:33 7/8)


    [2007-8 Oil Crisis]: Oil slumps on easing storm worry and dollar (17:49 7/8)

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